Spansion
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| Type | Public (Pink Sheets: SPSNQ) |
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| Fate | Bankrupt |
| Founded | 2003 |
| Headquarters | Sunnyvale, California, USA |
| Industry | Semiconductors |
| Products | Flash memory |
| Employees | 8,800 |
| Website | www.spansion.com |
Spansion Inc. is a joint-venture between AMD and Fujitsu that trades on the Pink Sheets under the symbol SPSNQ. Spansion is the largest company exclusively focused on Flash memory products. Spansion has 8,400 employees and is headquartered in Sunnyvale, California.
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[edit] History
Spansion was founded in 1993 as a joint venture between AMD and Japan's Fujitsu Ltd. AMD took control of the company in 2003 and spun it off as an independent maker of flash memory chips in December 2005. Since the spinoff, the company has not made a profit.[1] The company has consistently lost money since it went public and lost $133 million in the third quarter of 2008, the most recent period for which it has disclosed financial data.[2] On February 23, 2009 the company laid off 3,000 employees without severance pay, while CEO John Kispert was given a bonus of $1.8 million[1][3] and managers were restored to full salary.[2] The company filed for Chapter 11 bankruptcy on March 1, 2009 amidst an outcry by laid-off workers.[4]
[edit] Manufacturing
[edit] Japan
Spansion launched SP1, its first production 300mm factory, in Aizu-Wakamatsu, Japan. Along with SP1 an additional 200mm factory, called JV3, (Joint Venture-left over from the Fujitsu merger) is also in Aizu-Wakamatsu.
[edit] United States
- Austin, Texas - one of Spansion’s 200mm manufacturing facilities is Fab 25.
[edit] References
- ^ a b Spansion cuts hundreds of jobs in Austin - Workers are let go without severance pay, Austin American-Statesman, February 24, 2009
- ^ a b Laid-off Spansion employees outraged over execs' pay increases, San Jose Mercury News, February 26, 2009
- ^ Spansion restores executives to full pay, Austin American-Statesman, February 24, 2009
- ^ Anger grows as Spansion files for bankruptcy, EE Times, March 1, 2009
